Types of Access Bank Cards and their Benefits

Last Updated on July 1, 2024 by admin

Do you want to know the type of Access bank card that fit your need ? Access bank has a variety of card products suitable for different demographics, for individual and corporate customers.

If you’re wondering to know various card offer by Access bank . In this post We’ll take you through the type of cards, their benefits and limitation on how much you can spend on each card.

 

What is Bank card?

A bank card is typically a card issued by a bank that is linked to a depository account for the purpose of withdrawals or payments. Bank cards may be limited in their use; some can only be used at ATM machines or for certain purchases. Most bank ATM cards also require a PIN in order to be used.

Read: Lists of Access bank ussd code for transaction in Nigeria

Types of Access bank Card

Access Bank offers a bouquet of card products for individual and corporate customers under the major card schemes – Visa, MasterCard, and Verve.The electronic payment cards are available in the following variants:

a. Credit Cards – VISA
b. Debit Cards – VISA, Verve, MasterCard
c. Prepaid Cards – VISA, Verve, MasterCard

 

1. Access Bank Debit Card

This the type of card that enable you carryout Funds Transfer (Inter-Bank & Intra-Bank), make Bills Payment buy Phone Airtime, view Balance Inquiry and check Mini Statement of account

Also read: How to apply for Access Bank Salary advance/Payday Loan

 

.Access Business Debit Card

Access Business Debit Card is a payment card linked to a business account. The card can be used to pay bills, make purchases and withdrawals. It is a convenient and safer option than carrying cash around. The Business Debit Card can be used for cash withdrawals, purchase and web transactions.

Benefits

Increased daily spend limits
Access to supplementary cards
Increased limit for POS/Web transactions
Enjoy our bundles of digital propositions and offers#

 

. Access bank VISA Signature Card

Visa Signature card is a premium debit card that gives you access to exceptional spending power, a wide range of exclusive privileges and rewards that are in tune with your lifestyle.

Transaction Limit

ATM Daily Limit (Local) ₦200,000
POS Daily Limit (Local) ₦200,000,000
Web Daily Limit (Local) ₦750,000
ATM Daily Limit (Int’l) $100
POS/Web Monthly Limit (Int’l) $3,000

How to transfer money, Buy Airtime,Create PIN and check account balance from Access bank

 

2. Access Bank Credit Card

Access bank Naira Credit Card

This is a Visa credit card that has a dual currency denominated payment card which allows you spend and settle in naira for domestic and international transactions and you settle your dollar spend/bills in Naira subject to the prevailing exchange control regulations.

Features of Access bank Naira Credit Card

. Naira denominated credit card
. Accepted at over 2 million ATMs and 30 million merchant locations

.Up to 50% of net monthly salary can be availed as credit limit.
.No collateral required for salaried employees
.Minimum monthly repayment of 15% of outstanding balance

.Access bank Dollar Credit Card

This type of card is a US Dollars denominated card that is Accepted at 2 million ATMs and 30 million merchant locations, across over 220 countries globally.

The card is available in Gold, Platinum and Infinite variants.it’s use for Payment for domestic spends in Naira and international spends in US Dollar.

Card limit per variant:

Classic – 0 to $10,000
Gold – $10,001 to $20,000
Platinum – $20,001 to $50,000

Read: How to activate/create Access bank Mobile app, Enroll for ussd code and transfer limit

3. Access bank Prepaid Card

The Access Prepaid card  is a reloadable payment card product that can be funded and used for transactions across multiple channels i.e. ATM, Point of Sale (POS) terminals, Internet, Mobile and Telephone orders.
The card are issued to both individuals and corporations and are available in VISA, Verve and MasterCard variants.

The Visa variant is available in four currencies; NGN, GBP, USD and Euro. Both card variants can be used at over 30 million merchants, 2 million ATMs and 220 countries of the world.

The MasterCard variant is only available in Naira at the moment, but can be used both locally and abroad. Co-branding options are available for all card schemes (MasterCard, VISA & Verve).

On the other hand, The Verve Prepaid variant can be used on all terminals (PoS, ATM & Web) in Nigeria only.

Key Features

  • Card Number: A unique 16-digit number identifying your card.
  • Expiration Date: The date the card becomes invalid.
  • Security Code (CVV): 3-digit code on the back, used for additional verification.
  • Magnetic Stripe: Contains encoded data, used for swiping.
  • EMV Chip: More secure than the magnetic stripe, used for inserting into payment terminals.
  • Bank Logo: Identifies the issuing bank.
  • Card Network Logo: (e.g., Visa, Mastercard) shows accepted merchants.

How Bank Cards Work

  1. Purchases:
    • With a debit card, the amount is deducted directly from your account.
    • With a credit card, you’re borrowing money for the purchase.
  2. Verification:
    • Merchants use card readers or terminals to process the card’s information.
    • The bank verifies your identity (PIN or signature) and approves the transaction if funds are available.
  3. ATM Usage:
    • Insert your card and enter your PIN to access cash or other ATM services.

Benefits of Bank Cards

  • Convenience: Easier than carrying cash or writing checks.
  • Security: Bank cards offer protection against fraud compared to carrying cash.
  • Control: Online banking and mobile apps let you track spending.
  • Rewards: Some credit cards offer cashback, travel points, or other rewards.
  • Acceptance: Widely accepted by merchants and ATMs globally.

Source:Access Bank

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About admin

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies For Advertisement, Content marketing andsponsored post: contact : kokobest04@gmail.com
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